249-253 Front St - Apartments FOR SALE


Belleville, ON K8N 2Z6
$3,950,000 CAD
613-969-9901
249-253 Front St, Belleville, ON for Sale
$3,950,000 CAD
Apartments - FOR SALE
1/10
null | Request Cap Rate

249-253 Front St
Belleville, ON K8N 2Z6


HIGHLIGHTS

  • Access to Transit
  • Natural Light
  • Parking

OVERVIEW

Introducing your next investment opportunity, the Burrows Building! Located in Downtown Belleville, this multi-use building offers a blend of commercial and residential spaces, ensuring a diverse revenue stream. Among its highlights are 3 commercial and 11 residential units: 8 bachelors, 1 two-bedroom, and 2 one-bedroom apartments. With two of the commercial spaces leased, a 2161 sqft open concept unit awaits customization to meet tenants or owners needs. The residential units have undergone recent renovations, showcasing contemporary amenities with the building's unique architectural charm. Some units are furnished and licensed for short-term accommodation, catering to both long and short term tenants. Notable upgrades include a new lower roof, historical restoration, and security enhancements like surveillance cameras. Boasting stable rental income and promising growth potential, the Burrows Building presents an exceptional opportunity to expand your investment portfolio.

FOR SALE DETAILS

PRICE

$3,950,000 CAD

PRICE/SF

$310 CAD /SF

# OF UNITS

11

PRICE/UNIT

$359,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jamie TrokeEkort Realty Ltd. BrokerageMore Info
613-969-9901

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Jamie TrokeEkort Realty Ltd. BrokerageMore Info
613-969-9901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.